Princeton Homes under $400,000

Welcome to Princeton, Minnesota—a charming city that perfectly blends small-town warmth with modern conveniences. Nestled in the heart of Sherburne County, Princeton is known for its friendly community, rich history, and stunning natural beauty. With its picturesque landscapes, including lush parks and serene lakes, Princeton offers residents a tranquil environment to call home.

One of the standout features of Princeton is its strong sense of community. With numerous local events, farmers' markets, and festivals throughout the year, there’s always something happening that brings neighbors together. The city boasts excellent schools, making it an ideal place for families looking to settle down. Outdoor enthusiasts will appreciate the abundance of recreational opportunities, from hiking and biking trails to fishing and boating on the nearby Rum River.

For those searching for their dream home, Princeton offers an impressive selection of properties under $400,000. Whether you're a first-time homebuyer or looking to downsize, you'll find a variety of options that cater to your needs. From cozy single-family homes to charming townhouses, the real estate market here is both diverse and affordable. Many homes feature spacious yards, modern amenities, and easy access to local shops and dining.

In Princeton, you can enjoy the best of both worlds—affordable living in a thriving community with all the charm that Minnesota has to offer. Explore the possibilities and discover why so many are choosing to call Princeton home!

Newest Princeton Homes under $400,000

$320,000

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7153792 MLS ⋅ 2,654 SqFt.

Assumable mortgage opportunity on this corner-lot rambler in Princeton, MN. This beautifully maintained home features original hardwood floors, classic built-ins, and abundant storage. The updated kitchen offers ample cabinetry and an informal dining area. A finished basement adds flexible living space with a spacious recreation room, dedicated laundry and utility areas, and a fourth bedroom that could also serve as a home office or gym. Enjoy an attached garage and a private fenced outdoor area for entertaining, bonfires, and pets. Located near historic downtown Princeton, local schools, parks, shopping, and dining, this charming rambler combines character, convenience, and versatile living spaces. Ask for details about the assumable mortgage!

505 4th Street S, Princeton

Listing courtesy of eXp Realty.

$285,000

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7151367 MLS ⋅ 1,773 SqFt.

Hard to find, great opportunity! Equity Builder. Almost all materials are in the home for finishing. Newer upgrade siding and roofing. Newer high efficiency furnace, AC, and water softener. Many new windows. Newer deluxe appliances. Seller has completed many upgrades. Just needs finishing touches. Oversized four season porch. Huge dream attached garage with seperate work shop featuring a rear garage door for added convenience. Concrete drive with an abundance of extra parking plus side area parking for additional outdoor storage! Beautiful wooded setting, quiet cul-de-sac. Huge possibilities hear! Quick possession!

114 Woodland Circle, Princeton

Listing courtesy of Real Estate Masters, Ltd..

$375,000

ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 7150332 MLS ⋅ 1,295 SqFt.

Welcome home to a property that offers space, recreation, and room to make it your own! This home features 3 finished bedrooms and a full bathroom, with even more potential waiting in the lower level. The basement includes a nearly finished bathroom, family room, and potential 4th bedroom—all needing just flooring, paint, and finishing touches to add valuable living space and build immediate equity. Inside, you’ll appreciate the large, welcoming entryway and convenient mid-level laundry/mudroom, complete with a high-end LG washer and dryer. The kitchen and upper-level bathroom feature granite countertops, while solid oak cabinetry adds warmth and quality throughout the home. All appliances are included, are in newer condition, and are gas-powered. The home has also been maintained as pet-free, smoke-free, and scent-free. Outside, you’ll love the 24x24 pole building, already wired for 220 service and ready for your toys, tools, hobbies, storage, or workshop. One of the most unique features of this property is the community itself. The association fee includes a shared septic system managed by the City of Baldwin, taking much of the hassle out of septic ownership. Even better, homeowners have access to an incredible 46-acre HOA-managed recreational area with walking trails and hunting opportunities—giving you plenty of room to enjoy the outdoors right in your own backyard. With extra space ready to finish, quality features throughout, a great outbuilding, and access to acres of recreational land, this property offers an opportunity that's hard to find!

14318 316th Avenue, Princeton

Listing courtesy of eXp Realty.

$299,900

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7146988 MLS ⋅ 1,712 SqFt.

Amazing opportunity in Princeton! This updated three-level split sits on two lots, offering nearly an acre of outdoor space and a unique combination of residential living and future possibilities. The home features updates both inside and out, with three bedrooms, 1.5 bathrooms, and a versatile flex space perfect for a home office, den, hobby room, or potential fourth bedroom. The spacious lower-level family room offers plenty of room to relax, entertain, and make the space your own. Adding even more opportunity, the additional lot behind the home is zoned commercial—an exciting option for a home-based business or other potential uses. With generous space, thoughtful updates, and uncommon flexibility, this Princeton property is one you won’t want to miss!

3207 90th Avenue, Princeton

Listing courtesy of Next Generation Realty LLC.

$309,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7143634 MLS ⋅ 1,618 SqFt.

Located in Princeton, Minnesota, this 3-bedroom, 2-bathroom home sits on approximately 0.82 acres and offers residential living space, outdoor space, and convenient access to the amenities of town. Positioned just off State Highway 95, the property provides an accessible location while maintaining a spacious yard with mature trees and established landscaping. Several important updates are already complete. The roof was replaced within the last year, providing a recent improvement to one of the home's major exterior components. The home also has a newer air conditioning system and furnace. Outside, the property features a large yard with mature trees and room for outdoor activities, gardening, landscaping, or additional recreational use. The established trees provide shade and privacy throughout the property while maintaining open yard space around the home. The property sits along State Highway 95 in Princeton, offering convenient access to the surrounding community. Princeton offers a variety of everyday services and amenities, including grocery stores, restaurants, retail businesses, schools, parks, and other community facilities. The location also provides access to major roadways for travel throughout the surrounding area. Princeton is located in Mille Lacs County, approximately 50 miles north of the Twin Cities metropolitan area. The community is situated near the Rum River and provides access to a variety of outdoor recreational opportunities throughout the surrounding area. Nearby communities include Zimmerman, Elk River, Cambridge, and Milaca. For those looking for a property with more land than a typical in-town residential lot, the approximately 0.82-acre parcel provides additional outdoor space while remaining close to the conveniences of Princeton. The combination of the home's three bedrooms and two bathrooms, recent roof replacement, newer heating and cooling systems, mature trees, and large yard offers many great features you’ll enjoy. Don’t miss your chance at this beautiful property with a great location!

7308 State Hwy 95, Princeton

Listing courtesy of Whitetail Properties Real Estate.

$265,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7075893 MLS ⋅ 1,898 SqFt.

Rare opportunity to own a beautifully refreshed end-unit home in this desirable 55+ community! One level living ideally positioned at the end of the building, this home offers added privacy and peaceful views. Step inside to a bright, open floor plan filled with natural light, featuring fresh paint and new carpet. The spacious deck is a standout feature, offering plenty of room to relax or entertain, plus convenient stairs leading to the lower level. Enjoy flexible living space, including a dedicated shop/gym room that's perfect for hobbies, projects, exercise, or additional storage. A wonderful combination of privacy, space, and low-maintenance living—ready for you to move in and make it your own!

1103 N Rum River Drive, Princeton

Listing courtesy of Keller Williams Realty Integrity.

$225,000

ACTIVE Status ⋅ 7133094 MLS ⋅ 1,450 SqFt.

Here is your opportunity to remodel a turn of the century home or start fresh. Home is a brick 1 1/2 story that needs extensive work but could be absolutely beautiful when done. The 5 acre site is wooded and in a great location, there are other outbuildings included. Property has not been occupied for a while and is very overgrown. There is a drilled well and a older septic system. Bring your imagination and ideas to make this your own!

5565 85th Avenue, Princeton

Listing courtesy of Princeton Realty.

$375,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7132401 MLS ⋅ 1,371 SqFt.

Beautiful maintenance free living awaits. Newly constructed twinhome with over 1300 square feet, one level living with open floor plan and neutral colors throughout. Vaulted ceiling, LVP flooring, Rustic Alder cabinetry, subway tile backsplash, granite center island, sunroom creates additional space for the holidays or just a quiet sitting room. Onsuite with private bath & walk in closet.

1002 S 5th Street, Princeton

Listing courtesy of Keller Williams Integrity NW.

$375,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7132351 MLS ⋅ 1,371 SqFt.

Beauatiful maintenance free living awaits. Newly constructed twinhome with over 1300 square feet, one level living with open floor plan and neutral colors throughout. Vaulted ceiling, LVP flooring, Rustic Alder cabinetry, subway tile backsplash, granite center island, sunroom creates additional space for the holidays or just a quiet sitting room. Onsuite with private bath & walk in closet.

1004 S 5th Street, Princeton

Listing courtesy of Keller Williams Integrity NW.

$290,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7120075 MLS ⋅ 1,446 SqFt.

Space, flexibility, and a great lot make this four-level home a homebuyer’s opportunity to create something that truly feels like their own. The layout offers plenty of room to spread out, with a main level designed for everyday living, two bedrooms upstairs, and a lower level featuring a third bedroom, family room, and convenient 3/4 bath. The primary suite’s walk-in closet provides the kind of storage that’s hard to find. With a little vision and some personal touches, there’s plenty of potential to take the spaces to the next level and make them your own. The home offers a solid foundation to work from, whether your goal is to personalize over time or tackle projects as you go. Outside, the spacious lot gives you room to garden, gather around a fire pit, create a play area, or simply enjoy some extra breathing room. An attached two-car garage adds everyday convenience. Just minutes from Mark Park, you’ll have easy access to baseball fields, playgrounds, walking trails, and the splash pad, while nearby Highway 169 makes commuting a breeze. If you’ve been looking for a home with a great layout, generous space, and a lot that gives you room to grow, this could be the opportunity you’ve been waiting for.

1401 3rd Street S, Princeton

Listing courtesy of BRIX Real Estate.

$239,900

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7127710 MLS ⋅ 2,277 SqFt.

Great investment opportunity or perfect for an owner-occupant! This well-maintained duplex received extensive updates since 2007, including remodeled kitchens and bathrooms, newer windows, updated furnaces, and central air units. Both units are one-bedroom, one-bath and are truly move-in ready. The upper-level unit features its own private entrance, while the main-floor unit enjoys access to the full, unfinished basement. Each unit has its own washer and dryer, adding convenience and value for tenants or owners. Outside, you’ll find a single garage and a large yard, offering great outdoor space and additional parking options. The property is in excellent condition, making it a solid long-term investment or a comfortable place to call home.

16618 20th Street, Princeton

Listing courtesy of Coldwell Banker Realty.

$195,000

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7124397 MLS ⋅ 945 SqFt.

Welcome home to this beautiful 2-bedroom, 1-bath townhome offering modern style, space, and functionality for under $210K! As you step inside, you’re greeted by beautiful LVP flooring running seamlessly through the foyer, dining room, and kitchen. The main living space features towering vaulted ceilings across the kitchen, dining, and living rooms, creating an airy, light-filled environment perfect for everyday living and entertaining. The kitchen is featuring white enameled raised-panel cabinets, classic 6-panel doors, and a large center island that serves as the perfect prep space or morning breakfast bar. Downstairs, the walk-out basement offers incredible versatility—ready for extra living space, storage, or future expansion. Complete with a 2-car garage, this turn-key townhome delivers low-maintenance living. This is a “Must See”

1509 16th Street N, Princeton

Listing courtesy of Keller Williams Classic Realty.

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